Fidelity Mutual Fund has won the ‘Best Fund House Over the Past Three Years” award in the equities category in the Lipper Fund Awards 2011 for India. The awards – given out by Lipper, a Thomson Reuters company – honour fund management firms and individual mutual funds that excel in delivering consistently strong risk-adjusted performance, relative to their peers.
*Past Performance is no guarantee of future results
Fidelity MF was recognized by Thomson Reuters | Lipper as the best Equity Fund House due to excellent performance across its equity funds
Commenting on the occasion, Ms. Ashu Suyash, Country Head – India, Fidelity International, said “We are delighted with the Lipper award as it reiterates our strategy for raising long term assets combined with our investment philosophy which has helped deliver results for our customers.”
Mr. Alexander R Treves, Head of Investments – India, Fidelity International, remarked, “We are honoured that Fidelity has been recognized by The Lipper Fund Awards. It is an acknowledgement of Fidelity’s bottom up stock picking approach wherein we aim to outperform the benchmark indices by looking for alpha regardless of market conditions. We believe we have some of the best research capabilities in the world, with an international network of analysts which is crucial given the forces of globalisation, and that a long-term approach will stand us and our investors in good stead.”
Fidelity has six equity funds that include, Fidelity Equity Fund, Fidelity India Value Fund, Fidelity India Growth Fund, Fidelity Global Real Assets Fund, Fidelity India Special Situations Fund and Fidelity Tax Advantage Fund.
Mr. Tarun Anand, MD and Senior Officer Thomson Reuters South Asia, said, “It is not an easy feat to outperform efficiently and regularly through the turbulent economic conditions that we've seen in recent years. To win a Lipper Fund Award, one requires diligence and acumen over a sustained period of time. We congratulate Fidelity on showcasing such excellence and being chosen as a winner in Lipper's Best Equity Fund in group category awards for the year 2011"
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About Fidelity International
Fidelity International provides investment products and services to individuals and institutions in the UK, continental Europe, the Middle East and Asia Pacific. Established in 1969, the company has over 5,400 staff in 23 countries and manages or administers client assets US$309.7 billion as at 31 March 2011. Fidelity has over 7 million customer holdings and manages more than 750 equity, fixed income, property and asset allocation funds. Fidelity’s fund managers receive research from one of the largest proprietary research teams, covering 99% of the world’s largest listed companies. Fidelity International is an independent company which is privately owned.
Disclaimer and Ranking Methodology
*Lipper Rating Methodology:
General Methodology
Criteria (Cumulative)
- Funds registered for sale in the respective country (43 fund houses from India) as of the end of the calendar year of the respective evaluation year.
- At least 36 months of performance history as of the end of the calendar year of the respective evaluation year.
- Lipper Global classifications with at least ten distinct portfolios based on the primary share class definition, excluding residual classifications, institutional, private, closed-end, exchange traded, insurance and linked funds.
- Asset classes: equity, bond, and mixed-asset except for Absolute Return funds where money market and other fund asset types are considered as well.
Risk Factors: ?Mutual funds, like securities investments, are subject to market risks and there is no guarantee against loss in the schemes or that the schemes’ objectives will be achieved. ?As with any investment in securities, the NAV of the units issued under the schemes can go up or down depending on various factors and forces affecting securities markets. ?Past performance of the Sponsor /the AMC/the Mutual Fund does not indicate the future performance of the schemes. ?All schemes shall be subject to the risks associated with the instruments in which they invest. Please read the statement of additional information of Fidelity Mutual Fund and the scheme information documents of the respective schemes before investing. Statutory: Fidelity Mutual Fund (‘the Fund’) has been established as a trust under the Indian Trusts Act, 1882, by FIL Investment Advisors (liability restricted to Rs. 1 Lakh). FIL Trustee Company Private Limited, a company incorporated under the Companies Act, 1956, with limited liability is the Trustee to the Fund. FIL Fund Management Private Limited, a company incorporated under the Companies Act, 1956, with limited liability is the Investment Manager to the Fund. Fidelity, Fidelity International and Pyramid Logo are trademarks of FIL Limited
About The Lipper Fund Awards
The Lipper Fund Awards are part of the Thomson Reuters Awards for Excellence, a global family of awards that celebrate exceptional performance throughout the professional investment community. The Thomson Reuters Awards for Excellence recognize the world's top funds, fund management firms, sell-side firms, research analysts, and investor relations teams. The Thomson Reuters Awards for Excellence also include the Extel Survey Awards, the StarMine Analyst Awards, and the StarMine Broker Rankings. For more information, please contact markets.awards@thomsonreuters.com or visit excellence.thomsonreuters.com.